Caterpillar Inc. (NYSE:CAT) Insider Cheryl H. Johnson Sells 2,664 Shares

Caterpillar Inc. (NYSE:CAT) insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Caterpillar Price Performance

CAT stock opened at $383.37 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a fifty-two week low of $233.57 and a fifty-two week high of $403.60. The business has a 50 day moving average price of $373.55 and a 200 day moving average price of $351.65. The stock has a market cap of $185.90 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.86 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the firm posted $5.52 EPS. Caterpillar’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 21.82 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial lifted their target price on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. UBS Group lifted their price objective on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Evercore ISI decreased their price objective on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $358.19.

Institutional Investors Weigh In On Caterpillar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bbjs Financial Advisors LLC purchased a new stake in Caterpillar in the second quarter valued at approximately $28,000. Financial Connections Group Inc. acquired a new position in shares of Caterpillar in the second quarter valued at approximately $28,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar in the second quarter valued at approximately $36,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar in the third quarter valued at approximately $36,000. Finally, POM Investment Strategies LLC increased its holdings in shares of Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.